Hi guys, today I also update a new analysis for Bitcoin as my habit I wake up every morning and look at the screen with the first but also very important job is watching how Bitcoin and market going ? Did any thing change ? Or did anything opposite with our last analysis. All update for today will be updated in this post so please leave LIKE for this post and read it in below.
Okay let begin with our analysis today guys.
The first question is : Did anything change ? Yes, as I watching the market so we have small different with the last post analysis.
Last post in here:
But we do not have bounce back to 3500$ and break down to 32xx$ so at this time we have some small different.
Look at the chart of today guys. What we have ? Just keep the target in 2800$ - 3000$ .
When we break down the major support so we need to re-test it again before we keep falling down.
Consider in Elliot Wave so we just end of Wave 3 and prepare for up correction in Wave 4 and re-test the break out ?
Did you understand this part ? Comment in below for discuss.
So when we end of up correction in Wave 4 so we will keep falling in Wave 5 of Elliot - the last wave I think and we may find the bottom zone in here !
The bottom zone keep the same with many last post is 2800 - 3000$. And from here we are boom with middle term bounce back.
So let see 2 indicators are MACD and RSI.
Why we are nearly with the bottom zone ?
MACD - we are in negative zone but MACD cross up signal line and divergence will be happen soon when we falling down to 2800$ -3000$ and going up from here !
RSI - We also have divergence signal will occur in future but right now we touched upper resistance so we just have small bounce back and keep falling down before uptrend in middle term when we break up this pattern.
The target keep the same - THE SUN ( 4500$ - 4700$ )
Okay so today I has keep all you updated with small changes of market and how indicator working in future.
Spend time for LIKE this post for encourage me more !
THANK AND LOVE ALL YOU <3 <3 <3
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Done wave 4 ! Congrate !
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